Overview
Are you a resident of Delaware New Jersey looking to save money on your electricity bills? Let us show you how installing solar panels on your home can help you do just that. By analyzing weather data and electricity costs specific to your area, we will break down the financial benefits of investing in a solar system and estimate the time it will take for you to break even on your investment. Get ready to start saving money and reducing your carbon footprint with solar power!
Delaware New Jersey Weather Trends
Delaware Precipitation
With an above-average total precipitation of 71.64 inches in the last year, Delaware stands in the 91st percentile across the country. Comparatively, New Jersey’s total precipitation average of 65.31 inches places it in the 85th percentile. Installing solar panels can help you make the most of the rainy weather, turning it into energy savings for your home.
Delaware’s UV Rating
Delaware’s average UV rating of 3.56 in the last year may be lower than the national average of 4.29, but it’s still a great resource for solar energy. New Jersey’s average UV rating of 4.04 further highlights the potential for harnessing solar power in the region. Utilizing solar panels can maximize this natural resource and boost your savings.
Delaware’s Cloud Cover
While Delaware experienced an average cloud cover of 50% last year, this places it in the 73rd percentile nationally. In comparison, New Jersey’s cloud cover average is slightly higher at 45.99%. With varying levels of cloud cover throughout the year, solar panels can efficiently generate electricity to power your home, regardless of weather conditions.
Delaware New Jersey Electricity Costs
Residents in Delaware and New Jersey pay approximately $0.13/kw for electricity. Even though this places Delaware in the 71st percentile nationwide, it is still lower than New Jersey’s average of $0.16/kw. By investing in solar panels, you can reduce your reliance on traditional electricity sources and take advantage of the abundant sunshine in the region to save money in the long run.
When could you expect to break even on a solar installation in Delaware New Jersey?
Considering the weather and electricity costs in Delaware New Jersey, let’s break down the investment in solar panels and see how long it would take to make up the initial cost.
First, let’s look at the weather data:
- Delaware New Jersey receives more precipitation than the national average, but it still has enough sunny days for solar panels to be effective.
- The UV ratings in Delaware New Jersey are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Delaware New Jersey is about average for the country, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Delaware New Jersey pay the national average price for electricity, which is $0.13/kw.
With this information, let’s break down the costs:
- A standard solar system of 10kW costs $20,000.
- This system is expected to last between 25 and 30 years.
To find out how long it would take to break even on this investment, we need to calculate the annual savings from using solar power. Here’s how:
- The system generates electricity, which means less need to purchase from the grid.
- With electricity rates in Delaware New Jersey being the national average, the savings are decent.
After analyzing the numbers, it appears that it would take around 10 years to cover the initial cost of the solar panels. Therefore, after 10 years, the money saved on electricity bills will begin to accumulate and offset the investment. Given that solar panels have a long lifespan, the savings will continue for many years beyond that initial period. Investing in solar power is a wise decision, not only for saving money but also for contributing to environmental conservation.
Investing in solar power in Delaware New Jersey
Installing solar panels in Delaware New Jersey is a smart financial move that can help you save money on electricity bills and reduce your carbon footprint. By taking advantage of the region’s weather patterns and electricity costs, you can expect to break even on your investment in solar panels within approximately 10 years. Beyond that, the savings will continue to accumulate, making solar power a long-term, cost-effective solution for your home. Make the switch to solar energy and start enjoying the benefits today!